The Federal Government of Nigeria, in collaboration with the International Fund for Agricultural Development (IFAD) and the Niger Delta Development Commission (NDDC), has disbursed starter capital to approximately 900 incubatees in Imo State. 

This disbursement part of the Livelihood Improvement Family Enterprises, Niger Delta (LIFE-ND) project to enhance income, food security, and job creation for rural youths and women. 

During the flag-off ceremony in Owerri on Tuesday, officials confirmed that the funding targets entrepreneurs aged 18 to 35 and women up to age 50, providing them with the essential tools and capital grants needed to launch independent agribusiness ventures.

Imo State Governor, Senator Hope Uzodimma, represented by the Commissioner for Agriculture and Food Security, Chief Cosmas Maduba, described the project as a potent empowerment tool that has successfully captured the interest of rural communities. 

The current beneficiaries comprise the second and third batches of the programme total of  897 individuals, including 68 persons with disabilities (PWDs). 

These new entrepreneurs have been linked to input dealers to purchase essential farming materials at subsidised rates, ensuring the capital is used effectively to build viable enterprises along the agricultural value chain.

The State Project Coordinator, Mrs Victoria Igboanugo, and the National Agribusiness Promotion Coordinator, Mrs Anthonia Esenwa, both emphasised that the funds are a “vote of confidence” rather than a mere grant. 

They warned beneficiaries against fund diversion, noting that strict monitoring measures are in place to track progress and ensure accountability.

Source: This Day Lives